b'NOTES TO THE FINANCIAL STATEMENTS >for the year ended 30 June 2019NOTE 15. NON-CURRENT ASSETSCONSTRUCTION IN PROGRESS CONSOLIDATED20192018 $$Property construction works in progressat cost505,527 591,787RECONCILIATIONSReconciliations of the written down values at the beginning and end of the current and previous financial year are shown below. CONSTRUCTION WIPConsolidated$Balance at 1 July 2017595,885 Additions270,209 Disposals(261,366)Exchange differences23,912 Transfers out(36,853)Balance at 30 June 2018591,787 Additions2,395,152 Exchange differences48,003 Transfers out(2,529,415)Balance at 30 June 2019505,527 Construction relates to costs incurred for the new construction of the Aristo Casino.Amounts previously recognised as prepaid construction costs are transferred to construction in progress, once associated works have been completed.Once recognised as part of construction in progress the amounts are then carried on the statement of financial position at cost, until such time as the asset is completed and ready for its intended use. Work in progress is not depreciated, but tested for impairment annually. Once ready for its intended use an amount equal to the cost of the completed asset will be transferred to property plant and equipment or non current prepayment and accounted for in accordance with the consolidated entitys accounting policy for each asset class.64 DONACO INTERNATIONAL LIMITED 2019 ANNUAL REPORT'